This is an interesting story put out by the No 10 press office. It’s worth a read. Check it out!
Clearly, the UK Government is trying to stimulate renewed interest in buying property as an agent for kick-starting growth. Obviously, Margaret Thatcher’s funeral started people thinking about her successes in making working class voters property owners.
If UK people see increasing property values ahead, apart from more property transactions, there will be a feel good factor that will stimulate economic prosperity.
Personally, I think that David Cameron’s government is still playing with smoke and mirrors. It needs to be bold and stimulate massive capital investment both in the private and public sectors, in my view.